iShares MSCI China ETF (NASDAQ:MCHI) was the target of a large drop in short interest in the month of September. As of September 28th, there was short interest totalling 3,173,250 shares, a drop of 30.2% from the September 14th total of 4,547,245 shares. Based on an average daily trading volume, of 4,311,409 shares, the days-to-cover ratio is currently 0.7 days.

Shares of NASDAQ:MCHI opened at $55.07 on Friday. iShares MSCI China ETF has a one year low of $52.37 and a one year high of $76.72.

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in iShares MSCI China ETF by 113.5% during the 1st quarter. Russell Investments Group Ltd. now owns 5,619 shares of the company’s stock worth $385,000 after purchasing an additional 2,987 shares during the last quarter. Stifel Financial Corp increased its holdings in iShares MSCI China ETF by 9.6% during the 1st quarter. Stifel Financial Corp now owns 13,399 shares of the company’s stock worth $920,000 after purchasing an additional 1,171 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in iShares MSCI China ETF during the 1st quarter worth approximately $314,000. LPL Financial LLC increased its holdings in iShares MSCI China ETF by 30.9% during the 1st quarter. LPL Financial LLC now owns 21,610 shares of the company’s stock worth $1,482,000 after purchasing an additional 5,105 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in iShares MSCI China ETF during the 1st quarter worth approximately $657,000.

About iShares MSCI China ETF

iShares MSCI China ETF, formerly iShares MSCI China Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the MSCI China Index (the Underlying Index). The Fund is designed to measure the performance of the top 85% of equity securities by market capitalization in the Chinese equity markets.

Read More: Return on Equity (ROE)

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